Wall Street Pit As part of his Tuesday night statement on the fiscal cliff deal he had just concluded with Congress, President Obama boldly affirmed that he would not negotiate over the debt ceiling, implicitly raising the dire specter of government default to defend his position: Now, one last point I want to make — while I will [...] View the full post at: Putting the Pains in their Place Related posts: The Rebirth of Keynes, and the Debate to Come Congress’s Potemkin Populism The Big Three and TARP: What Happened to Democracy?